Fib & Channel Based Projection
I've incorporated Fibonacci levels and channel analysis into the fundamental market view of my previous idea. The conclusion remains the same: a minor upside to the 0.786 level or the upper edge of the channel here. The target zone is highlighted in an aqua-colored diamond. This is an experiment, but it's important to note that this isn't arbitrary curve fitting. If this analysis proves valid, I could apply the same method next time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.